Regarding the international payments process, which statement is true?
a. In international trade, money will flow from the country with the strongest currency to that of the weakest.
b. The World Bank monitors the trade of its members to insure that money is flowing properly between the various countries.
c. The World Bank monitors the national banks of its members to insure that money is flowing properly between the various countries.
d. By international law, international trade must involve money flowing between two countries.
e. Money does not actually have to flow between two countries.
e. Money does not actually have to flow between two countries.
You might also like to view...
Paedro's Pasta has developed a strong brand name in the dry pasta marketplace based on its texture and taste. Through its strong brand, Paedro's Pasta was able to introduce a successful line of sauces under the same brand name. Which of the following dimensions of brand equity does this example illustrate?
A. perceived bonuses B. brand loyalty C. brand strategy D. brand connections E. perceived quality
Ace Hardware's economic order quantity (EOQ) is 100 widgets, its total demand is 20,000 units per period, its carrying cost per unit is 20% of inventory value, its purchase price $4, and its fixed costs per order is $20. Which of the following is the total inventory cost of Ace??
A. $1,250? B. ?$3,250 C. ?$1,750 D. ?$2,000 E. ?$4,040
Yesterday, Berryman Investments was selling for $90 per share. Today, the company completed a 7-for-2 stock split. If the total market value was unchanged by the split, what is the price of the stock today?
A. $23.21 B. $24.43 C. $25.71 D. $27.00 E. $28.35
Quick Transport, Inc., offers to sell a truckload of palettes to Rapid Delivery Company. Before accepting the offer, Rapid learns that the palettes have been sold to Speedy Trucking Corporation. Quick is
A. liable to Rapid for breach of contract. B. liable to Speedy for breach of contract. C. not liable, because the sale revoked the offer to Rapid. D. not liable, if Quick offers substitute goods to Rapid.